Guideline Value for Pillaiyar Koil Street

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Pennaloor village under the Sriperumpudur SRO, classified as Residential Class IV Type - I.

How the guideline value of Pillaiyar Koil Street has changed

The guideline value for Pillaiyar Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged in the 2023 revision. However, the 2017 revision recorded a lower value of Rs 67 per sq.ft, indicating a decrease of 33% from the 2012 figure. From 2017 to 2023, the value increased by 49%, bringing it back to Rs 100 per sq.ft.

Looking at the most recent revisions, the 2024 revision maintains the guideline value at Rs 100 per sq.ft, reflecting no change from the previous year. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Pennaloor

Pennaloor village features a total of 35 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 100 to Rs 1,200 per sq.ft. The median guideline value in this area is Rs 200 per sq.ft, placing Pillaiyar Koil Street's 2024 figure below this median.

• Perumal Nagar: Rs 200 per sq.ft (2024)
• Power Grid Colony: Rs 200 per sq.ft (2024)
• Prasanthi Nagar - I: Rs 500 per sq.ft (2024)
• Prasanthi Nagar - II: Rs 500 per sq.ft (2024)
• Prasanthi Nagar - III: Rs 500 per sq.ft (2024)
• Palvadi Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty is charged at 7%, which totals Rs 7,000, while the registration fee at 2% amounts to Rs 2,000. Therefore, the total cost for stamp duty and registration fees together is Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pillaiyar Koil Street?

The Sub Registrar Office covering Pillaiyar Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Pennaloor

The guideline value plays a crucial role in the registration process when buying or selling property in Pennaloor. It is used to determine the stamp duty and registration fees applicable on the transaction, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft in the 2023 and 2024 revisions, while it was Rs 67 per sq.ft in 2017 and Rs 100 per sq.ft in 2012. There are no figures available for the years 2002, 2003, and 2007.

What is the median guideline value in Pennaloor?

The median guideline value in Pennaloor is Rs 200 per sq.ft, which is higher than the current guideline value of Pillaiyar Koil Street.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2% of the same amount.

Where can I find the Sub Registrar Office for Pillaiyar Koil Street?

The Sub Registrar Office for Pillaiyar Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.